Friday, April 22, 2011

Fkli wrap...bulls playing defensive again....

Weekly +ve but poor tech closing, struggling near short term SMAs. Well supported around 1510 this week but yet to escape bears grip amid weekend profit take sell. Upward-bias if above 20, targeting 40-breaking for fresh upward momentum. Week tone on Mon could drag mkt towards recent lows, 1500-1510.

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